The US firm wants to add specialist expertise and is also looking for sub-advisory partners, says Asia-Pacific chief Alan Harden. He also voices concerns about growing regulation.
Fund-management companies, brokerages and wealth management groups in Asia are turning to sub-advisory partnerships to grow their businesses and provide client solutions – in good times and bad.
Goldman Sachs Asset Management has transferred Lloyd Reynolds from London to Singapore to build its sub-advisory business.
Skandia finds attracting best of breed easier when traditional fund managers are suffering.